Birks & Mayors 1Q Sales -3%
Jul 15, 2012 4:30 AM
By Avi Krawitz
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RAPAPORT... Birks & Mayors reported that net sales fell 3 percent year on year to $68.8 million in the first quarter that ended June 30, 2012. Comparable-store sales increased 3 percent.
The decline in sales came as the company operated 10 fewer stores than in the previous year. Birks & Mayors also wrote off $1.7 million due to currency conversions as the Canadian dollar depreciated against the U.S. dollar.
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Tags:
Avi Krawitz, Birks & Mayors, diamonds, jewellery, Jewelry, Rapaport
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